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http://hdl.handle.net/11718/1546Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Lahiri, Somdeb | - |
| dc.date.accessioned | 2010-03-23T06:42:34Z | - |
| dc.date.available | 2010-03-23T06:42:34Z | - |
| dc.date.copyright | 1987-10 | - |
| dc.date.issued | 2010-03-23T06:42:34Z | - |
| dc.identifier.uri | http://hdl.handle.net/11718/1546 | - |
| dc.description.abstract | In this paper we study the one sector optimal growth model with uncertain planning horizons. We prove the non-existence of steady states, and the dependence of optimal capital stock at time 't' on the conditional probability of a 't' period planning horizon given that the planning process does not terminate before time 't'. We illustrate our results using a consumpiton optimal growth model and cobb-Douglas technology. | en |
| dc.language.iso | en | en |
| dc.relation.ispartofseries | WP;1987/706 | - |
| dc.subject | Finance-consumption | en |
| dc.subject | economics-utility theory | - |
| dc.title | Optimal consumption plans with uncertain planning periods | en |
| dc.type | Working Paper | en |
| Appears in Collections: | Working Papers | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| WP 1987_706.pdf | 118.54 kB | Adobe PDF | View/Open |
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